Short Interest in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Grows By 1,121.7%

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 2,761 shares, a growth of 1,121.7% from the June 15th total of 226 shares. Based on an average daily trading volume, of 4,573 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in Invesco S&P SmallCap Industrials ETF by 133.3% during the fourth quarter. Farther Finance Advisors LLC now owns 700 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the period. Envestnet Asset Management Inc. bought a new stake in Invesco S&P SmallCap Industrials ETF in the 3rd quarter worth approximately $213,000. Novak & Powell Financial Services Inc. bought a new stake in Invesco S&P SmallCap Industrials ETF in the 3rd quarter worth approximately $219,000. JPMorgan Chase & Co. raised its stake in Invesco S&P SmallCap Industrials ETF by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock valued at $305,000 after buying an additional 103 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Invesco S&P SmallCap Industrials ETF by 6.0% during the 4th quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock valued at $724,000 after buying an additional 274 shares during the last quarter.

Invesco S&P SmallCap Industrials ETF Trading Down 0.4%

NASDAQ:PSCI traded down $0.67 during mid-day trading on Friday, reaching $177.26. The company’s stock had a trading volume of 3,428 shares, compared to its average volume of 5,310. Invesco S&P SmallCap Industrials ETF has a 12-month low of $136.18 and a 12-month high of $186.90. The firm’s fifty day moving average price is $174.36 and its two-hundred day moving average price is $166.83. The stock has a market cap of $182.58 million, a P/E ratio of 23.47 and a beta of 1.14.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.196 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.